Banco Macro SA (NYSE:BMA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $83.18 and last traded at $77.89, with a volume of 76,938 shares traded. The stock had previously closed at $79.72.

A number of brokerages have issued reports on BMA. Zacks Investment Research upgraded Banco Macro SA from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday. JPMorgan Chase & Co. upgraded Banco Macro SA from a “neutral” rating to an “overweight” rating in a report on Friday, June 17th. Finally, Citigroup Inc. upgraded Banco Macro SA from a “sell” rating to a “neutral” rating in a report on Monday, May 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Banco Macro SA currently has a consensus rating of “Hold” and an average price target of $75.50.

The firm has a market cap of $4.58 billion and a price-to-earnings ratio of 10.88. The firm’s 50-day moving average is $76.46 and its 200-day moving average is $69.28.

The business also recently declared a dividend, which was paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 16th were paid a $0.667 dividend. The ex-dividend date was Friday, August 12th.

Banco Macro SA (the Bank) is a bank. The Bank offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. The Bank offers savings and checking accounts, credit and debit cards, consumer finance loans (including personal loans), mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automatic teller machines (ATMs) and money transfers.

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